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EURJPY Correction to Favor Short Scalp Entries Sub-1.48
EURJPY reacted off key resistance last week with the recent rally vulnerable while below the 1.48-handle. Here are the updated targets & invalidation levels.
EUR/USD Rebound Vulnerable to Slowing German, Euro-Zone CPI
The near-term rebound in EUR/USD may fail to carry into December as the weakening outlook for euro-area inflation dampens the appeal of the single currency.
EUR Short Covering Elusive as More Talk of QE Inspires Bears
Fundamental pressures are preventing key technical levels from being achieved by Euro bulls.
EUR/USD Risks Larger Rebound on Dismal U.S. Durable Goods Orders
Another decline in orders for U.S. Durable Goods may spur a more meaningful rebound in EUR/USD as it dampens the fundamental outlook for the world’s largest economy.
Japanese Yen May Rise as Year-End Capital Flows Begin to Emerge
The Japanese Yen may rise as year-end profit-taking begins to emerge. The British Pound looks to revised third-quarter GDP figures to inform BOE rate hike speculation.
Dollar and Yields Slide Despite Improved US Data
Though the Dow Jones FXCM Dollar Index (ticker = USDollar) marked a fresh five-year high on an intraday basis, the benchmark marked little progress at the end of the day.
Crude Near Key Support as OPEC Meeting, US Inventories Data Loom
Crude oil faces a make-or-break moment near key support with a meeting from OPEC producers and US Inventories data on tap.
GBP/USD Topside Targets Favored as RSI Breaks Out of Bearish Momentum
The GBP/USD may face a more meaningful rebound as the RSI breaks out of the bearish momentum carried over from the previous month.
USDOLLAR Yet to Reach 11370 Target; AUD/USD Breaches Triangle Support
Traders have shifted their negative attention to the commodity currencies over the past few days. US GDP is in immediate focus this morning.
Precious Metals Exposed To Greenback Gains On Top-Tier US Data
The precious metals may be vulnerable to a stronger greenback with top-tier US data on tap, while crude could remain under pressure as supply glut concerns linger.
Pound at Risk on Dovish BOE Testimony, Euro to Look Past German GDP
The British Pound may see selling pressure if dovish commentary from BOE officials weighs on rate hike probabilities. The Euro is likely to overlook revised German GDP data.
Dollar Reaches Fresh Five-Year High with Little Enthusiasm
Another day and another five-and-a-half year high for the Dow Jones FXCM Dollar Index (ticker = USDollar).
Gold Rebound Vulnerable Sub $1207- Weekly Opening Range in Focus
The gold recovery has now come into key near-term resistance1. Here are the updated targets & invalidation levels.
USDOLLAR Risks Larger Pullback on Dismal 3Q GDP Report
A marked downward revision in the U.S. 3Q GDP report may trigger a larger correction in USDOLLAR as it drags on interest rate expectations.
US Dollar Faces Tough Test, Japanese Yen Remains Focus
The Dollar is at risk as it tests key levels versus the Euro, but major price moves seem unlikely as FX volatility prices tumble. Which trades are we watching?
AUD/USD Triangulates on H4; EUR/USD, GBP/USD Holding Range Lows
Get ready for illiquid markets this week.
Aussie and NZ Dollars Rise, Yen Drops as China Expands Stimulus
The Australian and New Zealand Dollars rose while the Japanese Yen declined after China slashed its one-year lending rate, boosting risk appetite.
Crude Lacking Positive Supply Side Ques, Gold Testing Key Barrier
Crude may have limited upside potential without the requisite shift in supply side factors, while gold could see further gains while the USD lacks inspiration.
Will EUR/CHF Floor Break? November 30 Referendum in Focus
The Euro-Zone financial crisis and its resulting toll on monetary policy weren’t limited to the European Central Bank: the Swiss National Bank has been forced to act in tandem with the ECB since levying the Sf1.2000 floor on September 6, 2011. We may however be on the verge of a paradigm shift if those underpinning the gold initiative garner a victory.
Latest Promise of Easing from ECB Keeps Euro Rebound at Bay
The recent slip in Euro-Zone economic data momentum takes away what was one of the only weapons hawks brought to the ECB: that the recent stimulus measures were doing enough in the short-term to justify the ECB holding out on new easing.
Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
Just as the global capital markets were preparing for the seasonal downshift into Thanksgiving week, multiple central banks sent a shockwave of volatility through the markets. Be wary of FX volatility this week.
Dollar May Not Have a Quiet Thanksgiving...
From a fundamental perspective, the Dollar’s interest rate backdrop seems to be mired in debate over the timing of the inevitable first hike.
Gold Rallies on PBOC, ECB Surprise Easing -1207 Key Resistance
Gold prices are higher for a third consecutive week with the yellow metal rallying 0.8% to trade at $1197 ahead of the New York close on Friday.
AUD To Look Past Local Data Yet Remains At Risk On Elevated Volatility
The Aussie is in for another suspenseful week near its 2014 low as elevated volatility expectations threaten to keep pressure on the high-yielding currency.
GBP/USD to Break Out on Less-Dovish BoE, Weak U.S. 3Q GDP
GBP/USD may face a more meaningful rebound in the week ahead as the Bank of England (BoE) highlights the risk of overshooting the 2% target for inflation, while the Federal Reserve remains reluctant to move away from its zero-interest rate policy (ZIRP).
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